Vanguard Natural Resources Announces Closing of Its Public Offering
of 8,000,000 Common Units Including a Full Exercise of the Underwriters’
Option to Purchase Additional Common Units

February 05, 2013 05:05 PM Eastern Standard Time

HOUSTON--(BUSINESS WIRE)--Vanguard Natural Resources, LLC (NYSE: VNR) (the “Company”) today
announced the closing of its previously announced public offering of
8,000,000 common units representing limited liability company interests
in the Company at a price of $27.85 per unit. The total of 9,200,000
common units includes the 8,000,000 common units and an additional
1,200,000 common units purchased pursuant to the underwriters’ full
exercise of their option to purchase additional common units.

The Company intends to use the net proceeds from the offering of
approximately $246.1 million, after deducting underwriting discounts and
estimated offering expenses, to repay a portion of its indebtedness
outstanding under its senior secured revolving credit facility.

UBS Investment Bank, BofA Merrill Lynch, Barclays, Wells Fargo
Securities, Citigroup, Deutsche Bank Securities, J.P. Morgan, Morgan
Stanley and RBC Capital Markets are joint book-running managers for the
offering. An investor may obtain a free copy of the prospectus
supplement and accompanying base prospectus relating to the offering by
visiting EDGAR on the SEC website at www.sec.gov.
When available, a copy of the prospectus supplement and accompanying
base prospectus relating to the offering also may be obtained from:

The shelf registration statement relating to these securities has
previously been filed with the Securities and Exchange Commission (the
“SEC”) and automatically deemed effective. This press release does not
constitute an offer to sell or a solicitation of an offer to buy common
units or any other securities, nor shall there be any sale of these
securities in any jurisdiction in which such an offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. The offering of these
securities may be made only by means of the prospectus supplement and
the related base prospectus.

About Vanguard Natural Resources, LLC

Vanguard Natural Resources, LLC is a publicly traded limited liability
company focused on the acquisition, production and development of oil
and natural gas properties. The Company's assets consist primarily of
producing and non-producing oil and natural gas reserves located in the
Permian Basin in West Texas and New Mexico, the Big Horn Basin in
Wyoming and Montana, the Arkoma Basin in Arkansas and Oklahoma, the
Piceance Basin in Colorado, the Powder River Basin in Wyoming, the Wind
River Basin in Wyoming, the Williston Basin in North Dakota and Montana,
Mississippi and South Texas.

Forward-Looking Statements

We make statements in this news release that are considered
forward-looking statements within the meaning of the Securities Exchange
Act of 1934. These forward-looking statements are largely based on our
expectations, which reflect estimates and assumptions made by our
management. These estimates and assumptions reflect our best judgment
based on currently known market conditions and other factors. Although
we believe such estimates and assumptions to be reasonable, they are
inherently uncertain and involve a number of risks and uncertainties
that are beyond our control. In addition, management's assumptions about
future events may prove to be inaccurate. Management cautions all
readers that the forward-looking statements contained in this news
release are not guarantees of future performance, and we cannot assure
you that such statements will be realized or the forward-looking events
and circumstances will occur. Actual results may differ materially from
those anticipated or implied in the forward-looking statements due to
factors listed in the "Risk Factors" section in our SEC filings and
elsewhere in those filings. All forward-looking statements speak only as
of the date of this news release. We do not intend to publicly update or
revise any forward-looking statements as a result of new information,
future events or otherwise.